It seems that creating an exploding smartphone was not a good business decision for Samsung.

Not that the electronics giant did it on purpose. But it did, nevertheless, create and sell millions of phones that were prone to catching on fire, and that has caught up with the company. And so, Samsung has finally, permanently, pulled Galaxy Note7 smartphones from the shelves. 

In IT Blogwatch, we watch it all unfold.

What exactly is happening? Choe Sang-Hun has the details:

Samsung Electronics is terminating production of its troubled Galaxy Note7 smartphone…in a major and embarrassing about-face for the South Korean electronics giant…Tuesday, Samsung said it had made a “final decision” to stop production…the company will no longer produce or market the smartphone.
…
Samsung…struggled with reports that the Note7 could overheat and catch fire because of a manufacturing flaw. Last month, the company said it would recall 2.5 million…phones, but in recent days, reports that the fixed version could also catch fire began to surface.

So what brought on this decision? Matt Hamblen adds some background:

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